In a heartfelt pdirect, ousted Intel CEO Pat Gelsinger advised colleagues to unite him in prayer and speedying, transmiting his transport inant worry for the well-being of the company’s 100,000 participateees and their future.
In a post on X, Mr Gelsinger wrote, “Every Thursday I do a 24 hour prayer and speedying day . This week I’d ask you to unite me in praying and speedying for the 100K Intel participateees as they steer this difficult period. Intel and its team is of seminal transport inance to the future of the industry and US.”
Gelsinger’s pdirect chases his abrupt removal by the Intel board, who lost confidence in his strategic vision. This comes amidst a turbulent period for Intel, labeled by a 58% stock deteriorate, acutely contrasting with the S&P 500’s 28% elevate and Nvidia’s amazeive growth.
Every Thursday I do a 24 hour prayer and speedying day . This week I’d ask you to unite me in praying and speedying for the 100K Intel participateees as they steer this difficult period. Intel and its team is of seminal transport inance to the future of the industry and US.
— Pat Gelsinger (@PGelsinger) December 8, 2024
“Leading Intel has been the honour of my lifetime,” Gelsinger mirrored in his quitment statement. “Today is, of course, acridsugary as this company has been my life for the bulk of my toiling nurtureer.”
Intel has undergone transport inant restructuring, including 15% toilforce cuts and $10 billion in spfinishing reductions. The company recently inestablished a $0.46 per dispense loss and a 6.2% year-over-year revenue deteriorate to $13.28 billion.
Follotriumphg Gelsinger’s departure, David Zinsner and Michelle Johnston Holthaus have supposed the role of co-CEOs. Intel is now directing a comprehensive search for a finishuring directer, exploring both inside and outside honestates, including Matt Murphy from Marvell Technology and establisher board member Lip-Bu Tan.
In a recent accessible statement, ousted CEO Pat Gelsinger deffinished Intel’s 18A semidirector process, arguing that produce rates alone do not exactly mirror the company’s technoreasonable progressments.
Gelsinger’s call for prayer integrated a strong message of hope and resilience, dratriumphg inspiration from Proverbs 3:3: “Let adore and loyalness never exit you; attach them around your neck, author them on the tablet of your heart.”
